This paper uses new panel data on the number of new firm registrations in 109 countries during 2002-2012 to study the relationship between entrepreneurship and economic growth. The data show strong evidence of a pro-cyclical pattern in entrepreneurship. An examination of heterogeneous relationships between new firm registration and the business cycle finds that higher levels of financial development and better business environments are associated...
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详细
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2014/02/01
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WPS6775
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1
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1
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2014/02/01
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Disclosed
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New firm registration and the business cycle
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Finance & Private Sector Development